MASC - Lending Programs - Stocker Loans

Stocker Loans can be used to purchase feeder cattle or retained owned calves for feeding.

Eligible Applicants

Qualifying applicants are individuals (who are 18 years of age or over and personally operate the farm to which the loan applies), joint farm units, partnerships, corporations or cooperatives.

Applicants must be Manitoba residents and Canadian citizens or lawfully admitted to Canada for permanent residence.

Combined annual off-farm income, including spouse (or average of all partners/shareholders), cannot exceed $125,000.  The farm must be potentially viable and meet security requirements.  The applicants' net worth may not exceed $1, 375,000.

Producers will have the necessary feed and facilities for on-farm feeding, or can use approved commercial feedlots.

Summary

Loan Maximum

The maximum guarantee for a Stocker Loan is $250,000.

Interest Rate

Interest is charged at a one-year term rate.

Repayment

The loan must be repaid upon sale of cattle, or within 12 months of the purchase (for breeding heifers within nine months), whichever comes first.

Security

Security consists of the livestock financed by MASC.  This program covers up to 100% of the purchase price of livestock.

To apply for a MASC Stocker Loan, contact your local MASC Lending Office.

Manitoba Contact(s):
Lending Corporate Office
Manitoba Agricultural Services Corporation
Unit 100 - 1525 First Street S.
Brandon, Manitoba  R7A 7A1
Telephone: 204-726-6850
Fax: 204-726-6849
E-mail: brandon.lending@masc.mb.ca
Web site: http://www.masc.mb.ca/